USOIL on a descendi ng channel 🦐

USOIL on the 4h chart is trading inside a descending channel in a series of lower low lower high.
The price tested the weekly support and moved back above the structure, testing now the upper trendline.

How can i approach this scenario?

I will wait for a potential break of the channel and if that will occur i will look for a nice order according to the Plancton's strategy rules,
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Follow the Shrimp 🦐

Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.

ความคิดเห็น:

testing the confluence area

ความคิดเห็น:

breaking above as expected

ความคิดเห็น:

price is moving higher as expected

ความคิดเห็น:

4.5% call here

ความคิดเห็น:

4.7% call, looking for a break of the resistance